Healthcare Biometrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast Upto 2019 The global healthcare biometrics market is likely to exhibit a highly positive CAGR of 25.90% within the forecast period of 2013 to 2019. Its value was recorded at US$1.2 bn in 2012 and is expected to reach US$5.8 bn by the end of 2019. This data is published in a research report released by Transparency Market Research, titled “Healthcare Biometrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” The 97-page report shines ample light on the factors that are responsible for shaping this market for the given forecast period.
Security is one of the primary concerns of the healthcare industry when it comes to safeguarding patient’s privacy, confidential medical records, and data. In the modern healthcare industry, which is becoming increasingly digitalized with every passing day, the issue of security has become even more critical. Most of the medical data that was earlier contained on papers and manual file entries is now uploaded in digital servers and databases, making the data more vulnerable to security breaches and thefts. But the digital world has also helped improve the overall security of the healthcare infrastructure by the virtue of technologies such as biometric authentication.